TaxTMI 
TaxTMI 
2011 (7) TMI 646
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.... in appeal against the impugned order wherein the goods were confiscated and allowed to redeem on payment of Rs.25,00,000/- as redemption fine and a penalty of Rs.25,00,000/- on M/s Varun Industries Ltd., the appellant Company under Section 114 and a penalty of Rs.5,00,000/- on the Director of the appellant under Section 114(1) of the Customs Act, 1962. 2. Brief facts of the case are that an info....
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....iable for confiscation and the same were confiscated and redemption fine of Rs.25,00,000/- was imposed. Separate penalties on the appellant firm and the Director were also imposed. Being aggrieved with the adjudication order, the appellants are in appeal. 3. The appellants are not challenging the merit of the case. They are contesting only the quantum of redemption fine and the penalties l....
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....5 to 287/11/CSTB/C-I dated 18.07.2011 this Tribunal has substantially reduced the redemption fine and penalty. Therefore, reduction of redemption fine and penalties are to be granted in this case also. 6. Shri V.K. Singh, learned SDR submitted that as the appellants are habitual offenders therefore, stern action be taken against them. In fact, the penalties and redemption fine imposed....